lib_priceaction

Jun 29, 2023

Library "lib_priceaction"
a library for everything related to price action, starting off with displacements

displacement(len, min_strength, o, c)
  calculate if there is a displacement and how strong it is
  Parameters:
    len (int): The amount of candles to consider for the deviation
    min_strength (float): The minimum displacement strength to trigger a signal
    o (float): The source series on which calculations are based
    c (float): The source series on which calculations are based
  Returns: a tuple of (bool signal, float displacement_strength)

Jun 29, 2023

Release Notes

v2 tweaked formula

Updated:
displacement(len, min_strength, o, c)
  calculate if there is a displacement and how strong it is
  Parameters:
    len (int): The amount of candles to consider for the deviation
    min_strength (float): The minimum displacement strength to trigger a signal
    o (float): The source series on which calculations are based
    c (float): The source series on which calculations are based
  Returns: a tuple of (bool signal, float displacement_strength)

Jun 30, 2023

Release Notes

v3, removed rounding

Jun 30, 2023

Release Notes

v4

Jun 30, 2023

Release Notes

v5 added functions to calculate retracement ratio AND target price for given ratio

Added:
retracement_ratio(price_start, price_end, price_retracement)
  calculate a ratio how far a price has retraced compared to a move between two reference levels
  Parameters:
    price_start (float): The start price level of the reference move
    price_end (float): The end price level of the reference move
    price_retracement (float): The retraced price level
  Returns: the retracement ratio (float, always positive) or na if one of the inputs was na

target_ratio_price(price_start, price_end, target_ratio)
  calculate a ratio how far a price has retraced compared to a move between two reference levels
  Parameters:
    price_start (float): The start price level of the reference move
    price_end (float): The end price level of the reference move
    target_ratio (float): The target retracement ratio (must be positive)
  Returns: the retracement target ratio price level (float) or na if one of the inputs was na

Aug 23, 2023

Release Notes

v6

Added:
in_range(x, a, b)
  check if a price is in a certain range, e.g. to check if price reached a target zone
  Parameters:
    x (float): the price variable
    a (float): one range limit (sign agnostic)
    b (float): other range limit (sign agnostic)
  Returns: true if x is between a and b (inclusive)

range_overlap(a1, b1, a2, b2)
  check if two price ranges overlap, e.g. to check if a target is price is possible that fits both target zones
  Parameters:
    a1 (float): one limit of range 1
    b1 (float): other limit of range 1
    a2 (float): one limit of range 2
    b2 (float): other limit of range 2
  Returns: true if x is between a and b (inclusive